BIT vs. QQQ
Compare and contrast key facts about BlackRock Multi-Sector Income Trust (BIT) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIT or QQQ.
Correlation
The correlation between BIT and QQQ is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BIT vs. QQQ - Performance Comparison
Key characteristics
BIT:
0.39
QQQ:
1.54
BIT:
0.61
QQQ:
2.06
BIT:
1.07
QQQ:
1.28
BIT:
0.47
QQQ:
2.03
BIT:
1.07
QQQ:
7.34
BIT:
2.91%
QQQ:
3.75%
BIT:
7.96%
QQQ:
17.90%
BIT:
-43.54%
QQQ:
-82.98%
BIT:
-3.79%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, BIT achieves a 4.96% return, which is significantly lower than QQQ's 26.66% return. Over the past 10 years, BIT has underperformed QQQ with an annualized return of 7.97%, while QQQ has yielded a comparatively higher 18.30% annualized return.
BIT
4.96%
-1.70%
2.99%
3.10%
6.91%
7.97%
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
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Risk-Adjusted Performance
BIT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Multi-Sector Income Trust (BIT) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BIT vs. QQQ - Dividend Comparison
BIT's dividend yield for the trailing twelve months is around 10.43%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIT BlackRock Multi-Sector Income Trust | 10.43% | 9.92% | 9.60% | 8.20% | 8.48% | 8.86% | 9.14% | 8.45% | 11.67% | 9.42% | 8.87% | 6.84% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
BIT vs. QQQ - Drawdown Comparison
The maximum BIT drawdown since its inception was -43.54%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BIT and QQQ. For additional features, visit the drawdowns tool.
Volatility
BIT vs. QQQ - Volatility Comparison
The current volatility for BlackRock Multi-Sector Income Trust (BIT) is 2.41%, while Invesco QQQ (QQQ) has a volatility of 5.21%. This indicates that BIT experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.